Our client, a multinational Fortune 100 company ran one part of their operation out of two office buildings, across the street from one another. One of the spaces was about 350,000 square feet. The other was about 150,000 square feet. Before the pandemic, this worked, but post-pandemic, the client opted for a hybrid model of work for their teams. Around the time this decision was made, the lease for the smaller office space was up for renewal.
The client imagined closing the smaller space and consolidating their operations into the larger one. However, they were concerned about the feasibility of this change and the impact on their employees' productivity. Would they have enough space?
With InnerSpace’s extensive insights, the client was able to answer these questions, and implement a restack that transformed their operation in more ways than one. They discovered that:
Understanding where people went when they were moving, and the spaces they gravitated towards informed the restack.
Did the client achieve what they wanted to with the restack? They sure did, and then some. The company did a review afterwards and found and grouped their results based on type.
Sustainability: This was the easiest category to measure. The restack provided huge sustainability benefits. The reduced carbon footprint equalled about 450 households and reduced water consumption by two Olympic pools annually.
Employee satisfaction: Teams were happier with more of the preferred workspace types, and the time savings they gained by not having to go so far to collaborate. These changes, in a large organization equated to 11 person years of productivity annually.
Employee experience: The restack also meant people wanted to be in the office more. After the changes to the office, there was a 17% increase in employees coming in, without any changes to the hybrid work mandate, and when they were there, they spent 15% more time than they had before the restack.
Cost savings: Through the restack, our client saved a million annually in operating expenses, reduced their carbon footprint, and had a productivity gain that equated to around two million dollars.
Data-driven insights can lead to a marked improvement in your workplace, whether a restack is in the cards or not. If you’re looking for cost savings, increases in productivity and sustainability, and a better employee experience, we’d love to chat about how we can help you transform your office with data.